HEG Ltd Receives NCLT Approval for Demerger Scheme

AI Summary

HEG Ltd has received approval from the National Company Law Tribunal (NCLT), Indore Bench, for its Composite Scheme of Arrangement. This scheme will demerge HEG Limited, HEG Graphite Limited, and Bhilwara Energy Limited into two independently listed entities. One entity will focus on the graphite electrodes business, while the other will concentrate on advanced materials, battery energy solutions, and renewable energy. Shareholders will receive one equity share of HEG Graphite Limited for every share held in HEG Limited. The demerger aims to unlock value by creating focused businesses better positioned for growth and with distinct strategic mandates.

Key Highlights

NCLT approves composite scheme of arrangement for HEG Ltd's demerger.
Demerger creates two independently listed companies: graphite electrodes and advanced materials.
Shareholders to receive shares on a 1:1 ratio for the new entity.
Restructuring aims to unlock shareholder value and drive focused growth.
Approval marks a transformational step in the company's strategic restructuring.

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HEG

Electrodes & Refractories

HEG LTD.

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